The government’s decision to allocate D2bn for the groundnut trade season is a vital affirmation of the nation’s agricultural backbone. As the primary cash crop, groundnuts support millions of rural livelihoods. This funding provides crucial liquidity, stabilizes farmers’ incomes, and secures a major source of foreign exchange that contributes significantly to GDP.
Last year’s established price of D38,000 per tonne was historically high and competitive in the region. Yet, farmers have rightly called for an increase to offset rising input costs such as fertilizer. With inflation eroding last season’s price, D38,000 is no longer sufficient to support meaningful reinvestment or lift farmers out of precarious financial situations.
Securing the harvest requires more than a guaranteed purchase price. The government must ensure timely cash payments to resolve the perennial credit bottleneck that has long hampered farmers. Additionally, expanding subsidies on quality seeds and fertilizers, alongside investing in local processing facilities, will strengthen the entire groundnut value chain.
With a holistic approach, the D2bn commitment can evolve from a seasonal lifeline into a sustainable engine of growth, empowering farmers and fortifying the nation’s economy.
The post Securing the Harvest: The D2bn Groundnut Lifeline appeared first on .
The government’s decision to allocate D2bn for the groundnut trade season is a vital affirmation of the nation’s agricultural backbone.…
The post Securing the Harvest: The D2bn Groundnut Lifeline appeared first on .
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